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Fraud alert on tablet device Source: Shutterstock

The slew of new online users that emerged as a result of the pandemic’s stay-at-home orders created new opportunities for fraudsters to take advantage of unsuspecting consumers, especially those under 25 and over 75, according to LexisNexis Risk Solutions. The firm’s latest biannual Cybercrime Report, which covered July 2020 through December 2020, revealed people under 25 were the most susceptible to fraud attacks, while the over-75 group – the second-most susceptible – lost the most money to fraud.

The high level of vulnerability among the youngest consumers can be attributed to the fact that many of them are new to digital services, according to the report; the under-25 age group accounted for a 10% growth in new online customers over a four-month period. In addition, LexisNexis said, younger generations are known to be more relaxed about sharing information online, which can make them more vulnerable to data breaches and identity theft.

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Natasha Chilingerian

Natasha has served as an editor for CU Times since March 2015. She also served as a communications specialist for Xceed Financial Credit Union (now Kinecta FCU) in Los Angeles from 2013-2015, and as a CU Times freelancer from 2011-2013. She has been a professional writer for more than 16 years, specializing in news and lifestyle journalism as well as marketing copywriting for companies in the finance and technology space.

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